Thomas L. Hogan: Is Crypto Just a Meme Coin Casino?

Bitcoin and other cryptocurrencies are widely – but wrongly – panned as unregulated casinos or Ponzi schemes that create no real value. For example, US Senator Elizabeth Warren called crypto a “threat to financial stability,” while the UK’s Treasury Select Committee said that cryptocurrency ownership “more closely resembles gambling than a financial service.”

While some cryptocurrencies are mainly speculative, many serve specific business or functional purposes. We can identify some of the value created by cryptocurrencies by breaking them into four general categories: Bitcoin, stablecoins, meme coins, and utility tokens.

Ross Meurant: Finding Fraudsters in Crypto Currencies

Don’t call them scammers.  They are criminal fraudsters.

National (NZ government coalition partner) have decided to appoint an “Anti-Scam” Minister Mr Bayly.  Ironically, on a radio platform 19 Nov 2024, Hon Bayly appeared to “absolve” social media from any liability for scamming.  

Recently, Australian banks have begun to shut out crypto currencies (1) (2) which appears to be a policy in conflict with the electioneering pledges of President elect Donald Trump.

Brian Easton: How Did FTX Crash?

What seemed a booming success a couple of years ago has collapsed into fraud convictions.

I looked at the crash of FTX (short for ‘Futures Exchange’) in November 2022 to see whether it would impact on the financial system as a whole. Fortunately there was barely a ripple, probably because it was too small and most investors were not sufficiently integrated into the rest of the financial system to be borrowing from it to speculate on cryptocurrencies,